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← LORAIN EDUCATION ASSOCIATION

Form 990 for tax year 2022

Filed by LORAIN EDUCATION ASSOCIATION.

Totals

Total revenue
$534,048
Total expenses
$529,817
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$506,311
Investment income
$162
Other revenue
$27,575
Total assets, end of year
$69,411
Total liabilities, end of year
$3,560
Net assets or fund balances, end of year
$65,851
Program services expenses (Part IX)
$529,817
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$529,817

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $506,311 · related or exempt $506,311

  • 3 · Investment income

    total $162 · related or exempt $162

  • 11a · Other revenue: MISCELLANEOUS

    total $26,932 · related or exempt $26,932

  • 11b · Other revenue: WELLNESS REFUND

    total $133 · related or exempt $133

  • 11c · Other revenue: RETIREMENT DINNER

    total $510 · related or exempt $510

  • 11e · Other revenue, total

    $27,575

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $8,920 · program services $8,920

  • 11c · Fees: accounting

    total $5,090 · program services $5,090

  • 13 · Office expenses

    total $6,156 · program services $6,156

  • 16 · Occupancy

    total $1,691 · program services $1,691

  • 17 · Travel

    total $169 · program services $169

  • 19 · Conferences, conventions and meetings

    total $180 · program services $180

  • 24a · Other expenses: AFFLIANTE GRANT

    total $3,500 · program services $3,500

  • 24b · Other expenses: BANK SERVICE CHARGE

    total $8 · program services $8

  • 24c · Other expenses: BANQUET

    total $2,923 · program services $2,923

  • 24d · Other expenses: BUSINESS REGISTRATION

    total $99 · program services $99

  • 24e · All other expenses

    total $501,081 · program services $501,081

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,798 · end of year $29,992

  • 2 · Savings and temporary cash investments

    beginning of year $32,069 · end of year $39,419

  • 10a · Land, buildings and equipment: cost or other basis

    $4,621

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,621

  • 10c · Land, buildings and equipment, net

    beginning of year $879

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,126 · end of year $3,560

  • 31 · Retained earnings, endowment or other funds

    beginning of year $61,620 · end of year $65,851

Mission and programs · 2022

Mission

TO SECURE FOR THE PEOPLE OF LORAIN A STABLE BASIS FOR HARMONIOUS AND COOPERATIVE OPERATION OF THE SCHOOL SYSTEM, THE EDUCATION ASSOCIATION AND THE BOARD OF EDUCATION.

  • TO SECURE FOR THE PEOPLE OF LORAIN A STABLE BASIS FOR HARMONIOUS AND COOPERATIVE OPERATION OF THE SCHOOL SYSTEM, THE EDUCATION ASSOCIATION AND THE BOARD OF EDUCATION.

    Expenses $529,817

As filed on the 2022 return.

Listed in Part VII

  • Carol Correther

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Julie Garcia

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Teodor Morti

    TREASURER

    Total calculated
    $0
    Hours/week
    20

  • Sandra Peloquin

    SECRETARY

    Total calculated
    $0
    Hours/week
    20

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
8 December 2023
IRS schema version
2022v5.0
Source object
202313469349301011

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